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Black Duck Wins in Best in Biz Award 2012

Judges Note Company’s Prominent Expansion, Confer Award in Fastest-Growing Company of the Year Category

Burlington, MA – November 16, 2012 – Black Duck has been named a silver winner in Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts. The company was recognized in the Fastest-Growing Company of the Year category among mid-sized companies (101-1,000 employees),

Since January 1, 2011, Black Duck Software has expanded dramatically, maintaining a four-year streak of 30 percent growth in year-over-year sales. Since that time, the company achieved significant global channel expansion, now operating in 24 countries around the world, and designed and relocated to an award-winning headquarters in Burlington, MA. Reporting 34 percent growth in 2011, Black Duck added 240 new customers in 2011 (bringing total customers to 1,000), and has grown to over 190 employees in CY 2012. Sales of small and medium-scale configurations grew 66 percent for Q2, particularly in the financial services, enterprise IT, and automotive sectors.

“We are thrilled to receive this prestigious recognition of our global momentum and growth,” said Tim Yeaton, President and CEO, Black Duck. “Black Duck’s success is a testament to open source software’s growing importance in many industries. We will continue to lead the market in delivering innovative solutions for the adoption, governance and management of open source software to our customers.”

More than 400 entries were submitted to the awards program from a wide array of public and private companies of all sizes and industries in the U.S. and Canada.

About Black Duck
Offering award-winning software and consulting, Black Duck is the partner of choice for open source software adoption, governance and management. Enterprises of every size depend on Black Duck to harness the power of open source technologies and methods. As part of the greater OSS community, Black Duck connects developers to comprehensive OSS resources through Ohloh.net, and to the latest commentary from industry experts through the Open Source Delivers blog. Black Duck also hosts the Open Source Think Tank, an international event where thought leaders collaborate on the future of open source. Black Duck is headquartered near Boston and has offices in San Mateo, St. Louis, London, Paris, Frankfurt, Hong Kong, Tokyo, Seoul and Beijing. For more information about how to leverage open source to deliver faster innovation, greater creativity and improved efficiency, visit www.blackducksoftware.com and follow us at @black_duck_sw.

About Best in Biz Awards
Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by independent panels of members of the press and industry analysts. Best in Biz Awards honors are conferred in three separate programs during the calendar year: U.S. and Canada, EMEA, and International. Any organization from any industry boasting demonstrated success in the awards program’s region can enter any of the more than 50 company, department or team, executive and product categories. Entries for Best in Biz Awards 2013 EMEA are being accepted from all companies based in or operating in Europe, Middle East and Africa until January 17, 2013. For more information about the entry process and categories in all three programs, please visit: http://www.bestinbizawards.com.